New Delhi-based consultancy firm Technopak estimates the market could double in the next five years to more than $500 million.

Starbucks hopes the country's burgeoning consumer market will be willing to fork out more for one of its cappuccinos or lattes than they would at a local coffee chain. A tall cappuccino will cost the equivalent of $2.15 at Starbucks, positioning the company in the "premium end" of India's cafes, the AP said.

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